Caterpillar Inc (CAT)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 19,491,000 | 19,397,000 | 17,130,000 | 17,639,000 | 19,494,000 | 20,489,000 | 18,235,000 | 18,149,000 | 15,869,000 | 15,591,000 | 15,727,000 | 17,065,000 | 16,484,000 | 16,665,000 | 16,833,000 | 16,573,000 | 15,331,000 | 14,949,000 | 13,734,000 | 14,197,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $19,491,000K)
= 0.00
The debt-to-capital ratio for Caterpillar Inc has consistently remained at 0.00 from March 2020 to December 2024, indicating that the company has not utilized debt as part of its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is primarily derived from sources other than debt, such as equity financing or retained earnings. This could suggest that Caterpillar Inc has a conservative approach to financial leverage and is less reliant on borrowing to fund its operations and investments. Overall, the stability of the 0.00 debt-to-capital ratio over the years reflects Caterpillar Inc's strong financial position and ability to manage its capital structure effectively without incurring significant debt.
Peer comparison
Dec 31, 2024